Someone's been watching that 'Cigar Store Indian' episode of Seinfeld too many times!

Matt Lauer, who is always the classiest of gentlemen (Ha!), was the butt of an underwear-themed joke on the Today show this morning, when Meredith Vieira gifted him a pair of Stella McCartney ladies underwear.

In response, Matt essentially calls Meredith a slut, and when she tries to take the underwear back, he calls her a VERY inappropriate phrase (above).

Sexist commentary aside, way to use an ignorant, completely archaic, and utterly racist term Matt Lauer. Jerry Seinfeld making light of the phrase in the 90s doesn't make it cute…

Perez, your political correctness is over the top. You can no longer take a joke. You think everything a comedian says is offensive and inexcusable these days. Do you even know the meaning of satire? You're annoying the hell out of me.

Ummmm . . . okay. Let's be real, most of the posts on this site are more inappropriate than Mr. Lauer in this vid. Please get rid of the ads previous if we are going to waste our times watching non-offensive chat!

I really have to agree with the majority of the comments. When did we all go from having a sense of humor and it being ok to be the butt of the joke occasionally (if it's not meant maliciously) to always being affronted because someone is "attacking us"?!? I mean c'mon. Over the top political correctness in this country is a huge reason we are a society that is no longer accountable for our own feelings of self worth, and everything that pisses us off or hurts our feelings is someone else's fault?? We're raising a generation who blames everyone else and is totally spineless and self-centered.

It's terribly frustrating reading your fake angel attitude towards everything. Especially regarding shit like this and celebrities like Chris Brown. Reading this site makes it sound like you've just been bought off by the ad companies and celebrities to never issue a single real criticism against them.

Making a big deal out of nothing … scraping the bottom of the barrel looking for drama … ANY drama … so that parasite bloggers have something to sensationalize for ad profits! Welcome to PerezHilton.com, folks!

I agree with most of the others… You're reaching here. Meredith and Matt were clearly joking with each other. As for the Indian Giver comment, it was a term that everyone used until about 10 years ago. It wasn't meant to be insulting or racist to Native Americans.

First you LIE about the David Letterman/ Joel McHale interview (to get us to sit through your commercials), and now you LIE about this clip. This was neither sexist, nor racist. I'm not going to watch any of your dishonest and deceitful clips anymore.

Matt is a balding tool…sexist too….cannot stand his ugly mug…wish he would get off t.v….no need for sexist pigs on t.v….Re: Mark – You would think it was funny because you are a man…living in a man's world…ignorant.

That was completely offensive and disgusting especially coming from someone like himself. Whether if it was a joke, which obviously it isn't, or a crude remark it nonetheless is an expression of ignorance and stereotype toward an entire people. How is that okay from anybody, especially from someone with such "notoriety" and "professionalism"?!
Of course, someone with such an evidently over-blown ego will not feel the need to apologize or will be reprimanded for such a public disgrace…then one wonders where the issues of bullying stems from afterwards when another child is made to feel inferior because such remarks are suppose to be taken as a joke and not seriously.
When your child comes home in tears because they are made to feel that the color of their skin, whether white, black, brown, or yellow, is not good enough perhaps then you may feel that such things ought to be given more considerations.
I am appalled and disgusted by this racist asshole (that's right, I'm calling it for exactly what it is) who believes that he's a professional. What a fucking joke.

seriously perez ur r the dumbest fattest fakest person out of all celeb gossip sites and you dont even own up to it anymore. For your thick headed idiocy the term indian giver refers to the anglo americans- THEY were the ones who would back out of the deals and promises etc
GET A LIFE u slimy fucktard

This is a complete non issue. They were joking. Indian Giver isn't racist. Lauer didn't say it with hate. It is an old term that rarely gets used nowadays, but it isn't something to cry over. To call him racist is more offensive to me. PC bulls**t at its best.

this is so silly.. they were joking with each other.. i did not hear Matt call Meredith a slut.. i mean, damn, they were passing around underwear, it was just a silly moment.. and really.. he did not mean "indian giver" as a racist remark.. this country has become so friggin pc that a joke is totally misconstrued these days… what happened to humor? btw, is it better to have people walking around with racist thoughts and sentiments, as long as they don't utter anything in front of others.. please, lets find something more important to be worried about..

Please Perez!!!I I could care less about Lauer's comments, your comments are much worse than his.

You bash people all day long. You say the most awful things about celebrities, and you can't have a sense of humor about a clear joke that was obviously not meant to disrespect anyone? Talking about blowing things out of proportion! Let's see if you have the same sense of morale next time you're destroying the reputation of celebrities each time they make a mistake. That's why I rarely visit this page anymore!

"Indian Giver" has nothing to do with Native Americans, it's not a racist remark…. If anything, it's aimed at white people, not Native americans. It simply means you give something and then take it back, like the US government did with the Native Americans.

Matt's comment this morning was with out a doubt racist, as an enrolled tribal member I was very offended, he owes all of us an apology, and rest assured the native communities have flooded the websites with comments about this.There is nothing funny about something racist or racial slurs, no matter how minor you non natives might think it is.

also, just fyi: indian giver actually referred to the europeans who would often "give" supplies [blankets, food, etc.] to native peoples and then take them back, without compensation and warning. racism finds its root in the social, political, and economic power which a group of people possesses and seeing as how the balance power in this situation [and in pretty much any situation of white american v. minority american] lay in favor of white people, this is actually not racist as people without little relative social,economic, political cannot, by definition, be racist. Biased? Sure. Racist? No.

I actually was quite disgusted by the racial slur and the incredibly sexist comment to Meredith. Why do men think it's ok to say things like this towards women in a professional environment? I deal with this shit every day. He could have just laughed and said something about wearing them or giving them to his wife. He didn't have to imply that she's a slut. If she had said something like that to him, you know he would have flipped saying she was being disrespectful.

Shane Redway -- a Canadian rapper and close friend of Drake's -- was killed early Saturday morning in a car crash. He was just 26 years old.

Redway and two others were killed when their car lost control, struck a guardrail and burst into flames. The crash occurred around 4am outside Pearson International Airport in Toronto. It's unclear who was behind the wheel. Police are investigating the crash.

Drake took to Instagram to remember Redway, posting two different tributes.